Sri Lanka energy sector eyed by US firms: envoy

June 25, 2012 (LBO) – Sri Lanka’s energy sector is a key area of interest for US companies scouting for investment opportunities after the end of a three decades war, US ambassador to Colombo Patricia Butenis said. “We’ve seen a lot of interest from American energy companies interested in help building oil refineries and developing natural gas,” Butenis said.

“The energy sector has been the biggest area of interest for US companies. I think that will remain,” she said.

Butenis who is nearing her three year term in Sri Lanka said there has been a lot of interest and negotiations on US investment opportunities in the island.

“The business environment is right for American investments but sometimes it takes a little longer with government bureaucracy that is not true only in Sri Lanka”

“Within the next few years we will see more investment coming,” she said.

Sri Lanka’s rulers, who have violated property rights of both citizens and non-citizens repeatedly since independence from British rule, resumed the activity last year.

Micheal Delaney assistant US trade representative for South Asia told reporters earlier in the month that the US has been assured that there would be no more exprop